Strategists at Westpac Institutional Bank stuck last week with the view that ‘USD/JPY will indeed head lower’ given that other than a ‘large flow’ there was no logical reason for the pair to have done what it did late Feb. They are questioning now how long it could go. Key quotes “We have to note […]
USD/JPY: Approaching oversold levels – Westpac Baca Selanjutnya »
Cryptocurrency payments in Australia, which have been growing in volume in the past few years, have recently scored another record. Crypto-based merchant trade across the country reached almost $74,000 in February according to a new report. Bitcoin cash has by far the largest share in retail crypto spending and transactions among coins accepted by Australian
Australia Crypto Merchant Trade Sets $74K Monthly Record With BCH Capturing 97% Baca Selanjutnya »
The U.S. Federal Reserve slashed interest rates by 50 bps on Tuesday citing concerns about the coronavirus outbreak against the bleak economy. The last time the central bank slashed rates by leveraging an “emergency rate shift” by half a percentage point was after Lehman Brothers filed for bankruptcy in 2008. The announcement didn’t have a
The inherent deficiencies in our system virtually guarantee that long-term implications of massive debt will be ignored. Unfortunately, the “long-term” may finally be upon us, and a dollar collapse of shocking proportions is increasingly likely. This Depression is just getting started. Words: 1011 The value of a currency is determined by a number of variables. In
Massive Debt = Dollar Collapse = High Inflation = Likely Depression Baca Selanjutnya »
KUALA LUMPUR: Ringgit meningkat semula daripada penurunan semalam untuk dibuka tinggi berbanding dolar AS hari ini. Pada 9.02 pagi, unit tempatan meningkat kepada 4.1800/1850 berbanding dolar AS daripada 4.2045/2085 ketika ditutup semalam. Ketua Pakar Strategi Pasaran AxiCorp, Stephen Innes, berkata pengurangan kadar dasar semalaman (OPR) oleh Bank Negara Malaysia pada Selasa dijangka menyokong ringgit memandangkan
“What Makes a ‘Safe’ Currency? A nation’s currency is issued by its central bank and a central bank is structured like any other bank– it has assets and liabilities. On the asset side of the balance sheet are things like government bonds and gold….Its liabilities include the nation’s money supply, technically known as central bank
Which Is the World’s “Safest” Major Currency? You’ll Be Surprised Baca Selanjutnya »
Australia’s Gross Domestic Product has arrived and beat expectations sending AUD marginally higher on the release. GDP data Australia Q4 Real GDP +0.5 pct QoQ, s/adj (Reuters poll +0.3 pct). Australia Q4 Real GDP +2.2 pct YoY, s/adj (Reuters poll +1.9 pct). Australia Q4 Final Consumption Expenditure +0.5 pct, s/adj. Australia Q4 Gross Fixed Capital
Breaking: Australia Q4 GDP beats estimates and supports AUD higher Baca Selanjutnya »
US DOLLAR, MALAYSIAN RINGGIT, USD/MYR, BANK OF MALAYSIA, CORONAVIRUS – TALKING POINTS Malaysian Ringgit eyes Bank of Malaysia rate cut amid global growth risks US Dollar may rise on haven demand if sentiment sours on coronavirus news USD/MYR uptrend is held intact by key rising support, eyeing EEM as well MALAYSIAN RINGGIT EYES BANK NEGARA
US Dollar, USD/MYR May Rise After Bank of Malaysia on Epidemic Woes Baca Selanjutnya »
KUALA LUMPUR: Ringgit meneruskan peningkatan semalam apabila dibuka tinggi berbanding dolar Amerika Syarikat (AS), hari ini menjelang mesyuarat Jawatankuasa Dasar Monetari (MPC) Bank Negara Malaysia dengan pasaran menjangkakan penurunan 25 mata asas dalam Kadar Dasar Semalaman. Pada pagi ini, ringgit mencatat 4.1990/2030 berbanding dolar AS daripada 4.2010/2040 sewaktu dagangan ditutup pada Isnin. Ketua Strategi Pasaran
The Federal Reserve´s pledge to act in the wake of the coronavirus outbreak helped stabilize markets and depress gold prices. This trend may now be reversing as share prices are struggling to gain ground. The Technical Confluences Indicator is showing that XAU/USD faces tough resistance at $1,603, which is the convergence of the Fibonacci 38.2%
